I am thinking of buying a tipper truck , someone has promised to get a good driver for me,
I heard it's a lucrative business , please I need all the advice that I can get I don't want to make any mistake . What are the risk involved ?

it think it may depend on your location, I have a guy in jalingo where construction business is somewhat booming, he drives a tipper, the return is 50k a week, I don't know of other places.

If you can afford it and get a reliable driver, its a very good business. You cannot run out of cash.

goldensoul55:
I am thinking of buying a tipper truck , someone has promised to get a good driver for me,
I heard it's a lucrative business , please I need all the advice that I can get I don't want to make any mistake . What are the risk involved ?

My guy was doing the business 5 years ago...he built his house from the proceeds he made from the business.

His driver was delivering 15k daily/5 days a week.

The price might have increased now..

The business is good in a developing city like Lagos and Asaba..where houses are built daily.

Skyfornia:


My guy was doing the business 5 years ago...he built his house from the proceeds he made from the business.

His driver was delivering 15k daily/5 days a week.

The price might have increased now..

The business is good in a developing city like Lagos and Asaba..where houses are built daily.

I live in a developing area and that's what actually inspired me

goldensoul55:


I live in a developing area and that's what actually inspired me

The only challenge I see is having a good and trusted driver.

Very lucrative in Lagos, but it's capital intensive.
Besides, getting the proper machanic for it is also a big challenge.

Most tippers drivers (not owners) i know of have completed their houses around Sango environs.

Skyfornia:


The only challenge I see is having a good and trusted driver.

Ok thanks

goldensoul55:
I am thinking of buying a tipper truck , someone has promised to get a good driver for me,
I heard it's a lucrative business , please I need all the advice that I can get I don't want to make any mistake . What are the risk involved ?

Do not put your money in this business without first doing a thorough research to understand the risks involved.

Forget these armchair business men telling you to invest that it's very profitable and that they know people who built houses from it, they are only speaking based on hearsay and have never actually done this business before therefore they are making a lot of assumptions!

The fact about transport business and any business that brings in daily money in Nigeria is that you must be available to monitor and supervise your employees...if you're absent they will steal you blind.

Nigeria is such a corrupt country that most people have it as a personal ambition to scam you of your money once your attention is diverted, therefore I would not advise you to invest in this business if you or someone you trust will not be available to monitor the driver.

If you are in Lagos I would advise you go to Ota, Ilaro or Papalanto in Ogun State, you will see plenty of tippers along that axis because it's a major route for them.

Find out the following information

- The average cost of a tipper depending on if it's tokunbo or Nigerian used

- The best place to buy a tipper and the most suitable brand to buy whose parts are readily available in Nigeria at reasonable prices

- The average tonnage of a tipper depending on the number of tyres it has and the best size for the route you want your tipper to ply

- The documents or licences your tipper needs to have to avoid disturbances on the road

- The average cost of tyres and how frequently you will need to change them (Be aware that some drivers change your new tyres to old ones then convince you to give them money to buy a new tyre)

- The average quantity of diesel to be used per trip

- The number of days you need to set aside for maintenance each month

- The best type of sand or gravel to carry depending on the route to the quarry so as to reduce the rate of wear and tear on the tipper

Do not delegate this task, you must do the assignment yourself so you can have a better understanding of the business before you commit money to it.

Good luck!

SavageResponse:


Do not put your money in this business without first doing a thorough research to understand the risks involved.

Forget these armchair business men telling to invest that it's very profitable and that they know people who built houses from it, they are only speaking based on hearsay and have never actually done this business before therefore they are making a lot of assumptions!

The fact about transport business and any business that brings in daily money in Nigeria is that you must be available to monitor and supervise your employees...if you're absent they will steal you blind.

Nigeria is such a corrupt country that most people have it as a personal ambition to scam you of your money once your attention is diverted, therefore I would not advise you to invest in this business if you or someone you trust will not be available to monitor the driver.

If you are in Lagos I would advise you go to Ota, Ilaro or Papalanto, you will see plenty of tippers along that axis because it's a major route for them.

Find out the following information

- The average cost of a tipper depending on if it's tokunbo or Nigerian used

- The best place to buy a tipper and the most suitable brand to buy whose parts are readily available in Nigeria at reasonable prices

- The average tonnage of a tipper depending on the number of tyres it has and the best size for the route you want your tipper to ply

- The documents or licences your tipper needs to have to avoid disturbances on the road

- The average cost of tyres and how frequently you will need to change them (Be aware that some drivers change your new tyres to old ones then convince you to give them money to buy a new tyre)

- The average quantity of diesel to be used per trip

- The number of days you need to set aside for maintenance each month

- The best type of sand or gravel to carry depending on the route to the quarry so as to reduce the rate of wear and tear on the tipper

Do not delegate this task, you must do the assignment yourself so you can have a better understanding of the business before you commit money to it.

Good luck!

Thanks alot I really appreciate

They can say ALL these huge returns. When you get to the field the story will change.
But I have a business that requires the use of trailer daily.
If we can sign agreement it will be in the company and I pay you as agreed every month end
Anthony Oshogwe-08066255512